Thoughts on Principal Alternative Credit??
They are a direct lending arm of Principal Financial Group. Is anyone familiar with the shop, expected comp, exit opportunities, etc?
In general, what can you expect from private credit arms of insurance companies in high COL cities?
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They have a lot of internal money to throw around. We’ll see how they do over the next cycle.
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I can’t add much value there. They’ve only been around a few years so not sure how much exit activity there has been. It’s direct lending though so presumably you can exit to other direct lenders.
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